Portfolio Manager
Keith Wasserman – Real Estate Investing – [Invest Like the Best, EP.120]
Show Notes
0:00 – (First Question) – Their interest in apartments and mobile homes as investments
1:29 – The returns spectrum for different classes of real estate
3:01 – His early entrepreneurial ventures and the start of Gelt
6:42 – Don’t be afraid of negotiating
7:30 – Going through early deals in real estate
10:54 – How he determines when it’s time to sell a property
13:10 – How do they think about taxes in their investment offerings
15:54 – Depreciation strategies in real estate investing
17:24 – The evolution of the types of real estate properties they’ve invested in
20:38 – Most important factors when evaluating a building to invest in
22:47 – Barriers to entry
24:38 – Changes in his cost of capital
27:47 – Cost of debt and deciding how much to put into a building
29:29 – A look at the competition
33:48 – Effective marketing strategies
36:04 – How demographics impact their strategies
38:08 – The co-living space
39:30 – Cloud kitchens and how he would invest in these
45:07 – How autonomous vehicles will impact real estate
46:49 – Pros and cons of developing new properties vs buying existing ones
48:56 – Early stage investing interest
52:45 – Favorite business/entrepreneur story
54:06 – Advice for younger entrepreneurs
56:08 – Kindest thing anyone has done for Keith
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